12 MARCH 1932, Page 46


A further circumstance which has stimulated markets has been the continued rush for new issues of capital. Thus an issue of £1,500,000 in District Railway 5 per cent. Debenture stock at the price of 974 was applied for front thirty In forty times over, so that large applicants onlyreceived something like 21 per cent. Again, the applications for Poole Corporation 5 per cents., offered at 1001, were so much oversubscribed that the allotments were on a very small scale.

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